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The simple questions you should ask when running a home-based business

It is not a new concept to operate a business out of one's home. Not only can it save on the costs of buying or renting a building, some entrepreneurs find it convenient to have all amenities in one location. According to the Small Business Administration, 53 percent of all small businesses located in the U.S. are home-based.However, what do you need to do as an owner to guarantee that your company is properly ...

Recovering economy underlines importance of business insurance

Running your own business is hardly easy, which is why it is important to have the right protections in place to ensure that when the unexpected does happen, you have less to worry about. With recent research showing that a recovering economy is troublesome to small business owners, not worrying about an insurance policy can be reassuring.According to the the March NFIB Index of Small Business Optimism, sales expectations dropped, along with owners' plans ...

Work with commercial insurance specialists to keep policies current

It is unrealistic to think that your personal television, music or even book choices will always stay the same. Different factors will be put into play over time, altering what you choose to watch, read and listen to. The same can be said for general business insurance policies. It will not benefit an owner, especially those of small and medium-sized companies, to think that it is a one-time process.Organizations can change over time. As ...

Manage your risk, do not let it manage your business

Small and medium-sized company owners might wonder what exactly qualifies them for needing business insurance. Just having an organization open for customers makes them qualified.The location doesn't negate the need for insurance, rather it plays a factor in which type an owner should purchase. This blog has previously explained the importance of commercial property insurance for those who work out of their home or even rent from a landlord."If you own your building or ...

Weather can affect any business, any time

Small and medium-sized business owners can see their company's normal routine affected by numerous events. Some of them are expected, but others will be unforeseen. The important thing to remember though is that it is never a hindrance to be overprepared. For example, some organization heads might ask, why do I need to worry about rain? But then, Hurricane Sandy hit.The superstorm that ravaged the East Coast five months ago had long-lasting effects and pushed many ...

Find the right insurance by not undervaluing your business

No business owner opens up shop with the expectation that it one day might close. Why then, would a company head not prepare for scenarios that could force it to shut down?For example, pretend that you own a small to medium-sized business. You thought that you had accounted for every possible negative scenario that could impact your company. However, one morning, you go down to the building's basement and see that the recent rainfall ...

Unique businesses might have a varied recovery process

Companies can look extremely different when compared side by side. When owners are trying to fine-tune their unique organization, it is important to not neglect an insurance policy that caters to the business' daily operations - regardless of what that entails. Location, types of customers and even the products being sold can all have major effects on how a business can function. To that same effect, a variance in any of those things can negatively impact a ...

Rise in BYOD underlines need for technology insurance

Small and medium-sized businesses are often conducting daily operations on-the-go. Cell phones, tablets and laptop computers can help owners in a variety of ways. Whether it's placing orders or communicating with customers, technological innovations are now the norm.Many large corporations have adopted bring-your-own-device (BYOD) policies, to account for employees transporting information to and from the office. However, such security measures should not be forgotten by any business, regardless of its size.A report released last ...

Study: Cybercrime can be a business' downfall

This blog has previously discussed the increase in data breaches as technology continues to become more prominent in the business world. Small and medium-sized companies can be especially vulnerable, and according to a recent survey, one data breach could force an organization to permanently shut its doors.Even if you are a small business owner who has just one computer involved in daily operations, that could be the device that gets infiltrated. It is not ...

One data breach is one too many for any business

As technology continues to evolve, companies of all sizes and across many industries are working hard to keep pace. With the huge push to integrate the internet into daily operations, the proper way to dispose of old information though is often forgotten about.However, small and medium-sized businesses must take care to keep themselves protected on all fronts. While some owners might have the mindset that no one wants to break into their computer system, the ...